The U.S. stock market rallied to more records after an easing of oil prices let Wall Street turn its focus back to the big profits that companies keep producing.
The S&P 500 climbed 0.8% Tuesday and topped its prior all-time high set at the end of last week. The Dow Jones Industrial Average added 0.7%, and the Nasdaq composite gained 1%.
Stocks got a boost after oil prices gave back much of their big jumps from Monday, and Brent crude fell 4%. DuPont rallied after the chemical giant led another cavalcade of companies reporting better profits than analysts expected.
On Tuesday:
The S&P 500 rose 58.47 points, or 0.8%, to 7,259.22.
The Dow Jones Industrial Average rose 356.35 points, or 0.7%, to 49,298.25
The Nasdaq composite rose 258.32 points, or 1%, to 25,326.13.
The Russell 2000 index of smaller companies rose 49.01 points, or 1.8% to 2,845.
For the week:
The S&P 500 is up 29.10 points, or 0.4%.
The Dow is down 201.02 points, or 0.4%.
The Nasdaq is up 211.68 points, or 0.8%.
The Russell 2000 is up 32.18 points, or 1.1%.
For the year:
The S&P 500 is up 413.72 points, or 6%.
The Dow is up 1,234.96 points, or 2.6%.
The Nasdaq is up 2,084.14 points, or 9%.
The Russell 2000 is up 363.10 points, or 14.6%.
